MIRA INFORM REPORT

Report Date :

24.03.2012

IDENTIFICATION DETAILS

Name :	CAPTAIN FISHERIES FOODSTUFF

Registered Office :	Street No. 30, Al Sharq Area, P O Box 25323, Safat 13114

Country :	Kuwait

Date of Incorporation :	07.08.2011

Com. Reg. No.:	114356

Legal Form :	With Limited Liability

Line of Business :	Distribution of Canadian seafood products and Australian meat.

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Kuwait

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : CAPTAIN FISHERIES FOODSTUFF

Country of Origin : Kuwait

Legal Form : With Limited Liability - WLL

Registration Date : 7^th August 2011

Commercial Registration Number : 114356

Chamber Membership Number : 129167

Issued Capital : KD 20,000

Paid up Capital : KD 20,000

Total Workforce : 10

Activities : Distribution of Canadian seafood products and Australian meat.

Financial Condition : Undetermined

Person Interviewed : Shri Kumar Sridharan Pillai, Sales Manager

COMPANY NAME

CAPTAIN FISHERIES FOODSTUFF

company ADDRESS

Registered & Physical Address

Street : Street No. 30

Area : Al Sharq Area

PO Box : 25323

Town : Safat 13114

Country : Kuwait

Telephone : (965) 22411630

Facsimile : (965) 22470296

Mobile : (965) 67011187

Email : sales@canfisherkw.com

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Industrial Area of Safat.

KEY PRINCIPALS

Name Position

· Ali Mohamed Ali Al Dakhan Managing Director

· Mohamed Ali Mohamed Ali Al Dakhan Director

· Saud Ali Mohamed Ali Al Dakhan Director

· Yousef Ali Mohamed Ali Al Dakhan Director

· Limya Saud Badr Al Badr Director

· Shri Kumar Sridharan Pillai Sales Manager

· M S Vopanna Financial Manager

LEGAL FORM & OWNERS

Date of Establishment : 7^th August 2011

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 114356

Chamber Member No. : 129167

Issued Capital : KD 20,000

Paid up Capital : KD 20,000

Name of Shareholder (s)

· Ali Mohamed Ali Al Dakhan

· Mohamed Ali Mohamed Ali Al Dakhan

· Saud Ali Mohamed Ali Al Dakhan

· Yousef Ali Mohamed Ali Al Dakhan

· Limya Saud Badr Al Badr

OPERATIONS

Activities: Engaged in the import and distribution of Canadian seafood products and Australian meat.

Import Countries: Canada and Australia

Brand Names: CAPTAIN FISHER

Subject has a workforce of 10 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· The Gulf Bank KSC

Mubarak Al Kabir Street

PO Box: 3200

Safat 13033

Tel: (965) 22449501

Fax: (965) 22445212

PAYMENT HISTORY

Unknown

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.91
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.